Crude Oil Oil prices fell 1% on Tuesday, the last trading day of the teen years as thin trade for the year end amplified market moves. Brent crude fell 67 cents to settle at $66.00 a barrel. WTI crude fell 62 cents to settle at $61.06 a barrel. Price notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers.…
Read MoreCrude Oil Oil prices continued to stay buoyant as traders keep a close watch on the Middle East following U.S. air strikes in Iraq and Syria. Brent crude settled 28 cents higher at $68.44 a barrel. WTI, however, fell 4 cents to $61.68 a barrel. For the year, Brent has risen around 27% in 2019, and WTI is up about 36%. China’s Dec’19 official manufacturing PMI remained stable month-on-month at 50.2 vs forecast of 50.1,…
Read MoreCrude Oil Oil prices continued to stay buoyant amid enthusiasm that the new year will show better economic prospects. Brent crude settled 24 cents higher at $68.16 a barrel. WTI, however, rose just 4 cents to $61.72 a barrel. Oil prices gained for the fourth consecutive week in the wake the optimism of the US China trade deal. U.S. stock indexes rose slightly on Friday, with the S&P 500 index close to logging its best…
Read MoreCrude Oil Oil prices were up about 1% to the highest in more than three months on Thursday as the year drew towards a close. Brent crude settled 72 cents higher at $67.92 a barrel, and WTI rose 57 cents to $61.68 a barrel. Both benchmarks were their strongest since Sept. 17. There was no sign of the Urals crude loading plan for January 2020 on Thursday, with sources saying that a stand-off over Russian…
Read MoreCrude Oil Oil prices continued to rise in the absence of any fresh data. Brent crude settled 81 cents higher at $67.20 a barrel, and WTI rose 59 cents to $61.11 a barrel. The market also rose as U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month. Russia has reduced its oil…
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